article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

These mortgages were developed in the 1980s in an era of double-digit interest rates when borrowers were hopeful that the rates wouldn’t rise much more. Planned unit development (PUD). Bringing in new design elements and storing owners’ current furniture can be pricey. Termite report/inspection/letter/bond.